Allianz Saudi Fransi Cooperative Insurance Co. Announces Resignation and Appointment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Allianz Saudi Fransi Corporative Insurance Company announces that Mr. Xavier Denys has submitted his resignation from his position as CEO of the company, for personal reasons. The Board of directors accepted his resignation on 29/11/2018 effective 31/12/2018. The Board of Directors of the company also announces that it has received from the Saudi Arabian Monetary Authority the letter with Ref.18089/89 dated 20/03/1440 H. regarding SAMA no objection to appoint Mr. Andreas Brunner as Chief Executive Officer of the Company. He will assume his responsibilities effective 1st January 2019. Mr. Andreas Brunner held various leadership positions at Allianz since 2005. Since 2012, he is Partner and Member of the Executive Leadership Team at Allianz Consulting. Mr. Brunner holds a Master Degree in Business Administration. The Board of Directors wishes all the success to Mr. Andreas Brunner for his new assignment. |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointing CEO | Mr. Andreas Brunner |
| Date of Board Appointing CEO | 2018-11-28 Corresponding to 1440-03-20 |
| Start Date | 2019-01-01 Corresponding to 1440-04-25 |
| CV of the Assigned Person | Mr. Andreas Brunner held various leadership positions at Allianz since 2005. Since 2012, he is Partner and Member of the Executive Leadership Team at Allianz Consulting. Mr. Brunner holds a Master Degree in Business Administration. |
| Element List | Explanation |
|---|---|
| Name of Resigned CEO | Mr. Xavier Denys |
| Accepting Resignation Date | 2018-11-29 Corresponding to 1440-03-21 |
| Resignation Effective Date | 2018-12-31 Corresponding to 1440-04-24 |
| Resignation Reasons | personal reasons |
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